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Doug Bandow | Forget The Fiscal Cliff, But Fear The Looming Debt Crisis





The liberty of Americans is at risk when Congress is in session.  Unfortunately, members have come back for a lame-duck session.

Top of the agenda is dealing with the “fiscal cliff,” the impending expiration of tax cuts and imposition of automatic budget cuts.  President Barack Obama wants to increase taxes as part of a deficit reduction package.

But the public is understandably skeptical.  Half of Americans believe any additional tax revenue would go to new programs, not deficit reduction.

Government spending has continued relentlessly upwards for decades, irrespective of president, party, program, or promise.  There’s no reason to believe that this time would be different.

More.



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